Sarda Energy & Minerals Faces Sector Underperformance Amid Broader Market Decline

Jan 13 2025 12:05 PM IST
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Sarda Energy & Minerals, a midcap company in the steel and iron industry, saw a notable decline on January 13, 2025, underperforming its sector. The stock's performance over the past month showed a decrease, although it remained above certain long-term moving averages, indicating mixed trends.
Sarda Energy & Minerals, a midcap player in the steel, sponge iron, and pig iron industry, experienced a decline of 5.01% on January 13, 2025, underperforming its sector, which saw an overall drop of 2.14%. The stock reached an intraday low of Rs 450.5, reflecting a decrease of 4.56%.

In terms of moving averages, Sarda Energy & Minerals is currently above the 100-day and 200-day moving averages but below the 5-day, 20-day, and 50-day moving averages. Over the past month, the stock has recorded a performance decline of 6.45%, slightly better than the Sensex, which fell by 6.52%. These metrics may be of interest to investors and market watchers as they evaluate the company's position within the steel and iron sector.
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